In the current situation, the price of the first area to stop the fall and the possibility of returning to the demand area is $9.
There is price above the falling channel, let's look for a second close above this channel. Pay attention to the wedge resistance on the daily time frame.
VET like OXY is showing a great chart with consistent price action. Fundamentally, it has had great earnings reports in the past year. It rates an 8/8 on the Minervini Trend scale showing strength and duration of trend as very high. Vermillon Energy has been strong in the general market downturn. I see this as a Swing long setup with a good expectant reward...
on the break of this trend we can see a rally to 30+, rejection will lead to downside to 16-20 area. long trigger 27.49 / short trigger 22.42 (break of pivot area)
Pull back from a solid base. Opportunity to pilot a small position and watch price action. Energy sector is the only game in town.
Cup and handle (or Cup without handle) are continuation patterns (of the prior trend). VET was in an uptrend before it went into a 3 month consolidation forming a "Cup" pattern. It finally broke above the neckline yesterday on STRONG volume (strong volume breaks tend to be more sustainable). Expecting near term target around 29.80 +/- with initial stop loss...
After several weeks of consolidation, this appears to be breaking out. my next price targets are $25 and then $32.
breaking this small bearish downtrend channel, good risk reward if we use the break back into same channel as our stop loss. targeting 20.30-21.55-22.7 in the short term
VET in key range maybe will breakout to higher. Ascending Triangle on shorter time frame
Waiting for a breakout to either side. Close above for a long position.
Nice technical set up and bullish PUT sweeps at the bid to support, interesting one trader opened 12/16 22.5 puts for about 310K in premium.... stock is trading at 21.95 implying strong upside move . For the more conservative, can wait for pennant / triangle breakout to go long / short, depending on direction. My bias is to the upside and am long here with a...
I'm expecting a retest of a breakout of a high established 2 years ago. After that I'd hope for it to hit the next price target ~19
Breaking above the 52++week high today - let's see what happens on Monday. My first PT is $19 and then $25
Looking to close above 16.89 to break out of a trough established ~ 1 year ago.
I publish this idea just to tracking technical picture of this stock.
Good Technical and Fundamental , So target 9.43, Duration 1 to 5 months.........
Another canadian ressources stock pointing its nose up on the weekly chart. Not confirmed still. Has not broken through 11$ resistance just yet. Watching for next week. If confirmed: Price target = 22.09$ Stay humble, have fun, make money!